As landlords ourselves, while we understand that property investment is relatively simple, we also empathise with novice landlords who might be overwhelmed when starting out.
We’ve always found that investing time in undertaking research prior to an investment property acquisition can save heartache further down the line.
Remember that you may be in a commercial relationship with that property for many years, so it’s important to buy the type of property that suits your individual situation and financial goals. (See – Life Cycle of a Landlord for further information).
Our M.D. Eric Walker has recorded his three top tips for novice landlords on how to get started safely and profitably:
As a novice landlord, it makes sense not to work in isolation when you can leverage the knowledge and experience of others.
Northwood can be your partner throughout the entire life cycle of being a landlord. We can help you determine areas of high tenant demand, help you source a suitable property from our Investor List, and then support you in managing that property to achieve its maximum rental potential and maintain the property’s value through maintenance.
With 80 offices around the U.K., there’s bound to be a Northwood close to you.
We will be celebrating our 20th anniversary in 2015, so we know a thing or two about property! We pride ourselves on our level of advice and support for all landlords – from complete novice to portfolio magnates!
*DOWNLOAD Northwood’s free guide: How to find a professional letting agent*
Northwood is one of the largest and most recognised lettings agents in the U.K. and the leading supplier of Guaranteed Rent to give landlords complete peace of mind.
Find us on Twitter @northwoodUK or visit our YouTube Channel.